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851 Napa Valley Corporate Way,Unit - I, Napa, CA 94558
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Property summary
AI-generated overview
The property is an office suite configured with 5 private offices, an open conference area, and 20 cubicles, along with an additional set of 5 private offices (each approximately 100 square feet). It includes 3 restrooms, with one restroom located in the warehouse portion, and provides a locked storage room as well as a dedicated server room. A wine staging area is present and could be repurposed to another use. The conference room is sized to accommodate 10 or more people, and natural light is provided from two exterior walls. The suite has an established interior layout designed for divisibility, and the broader complex offers other office suites with a range of approximate sizes from 3,000 to 14,258 square feet. The suite configuration supports office use requiring both collaborative and private workspaces, along with secured storage and server operations.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2001
Construction
TILT-UP CONCRETE
Total area
36,892 SF
Lot
7.95 ac (346,302 SF)
Zoning code
IP-A
APN
046-620-004-000
UPID
US09-0186579
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Insurance Agency
-
Medical Billing Service
-
Brewery & Distillery Big Box & Wholesale Store
-
Insurance Agency
-
Construction Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.49M
Comparable Approach
Comparable
$9.93M
Blend (final)
Blend
$8.55M
Owner & transaction history
since 2021
7 recorded transactions
Zoning & alternative use
IP-A · Napa, CA
Zoning description
Cannabis manufacturers may only operate in the following zoning districts: Light Industrial (IL), Industrial Park-Area A, B and C (IP-A, IP-B and IP-C). b. No cannabis manufacturers may be located on a property that is w…
General category
INDUSTRIAL
Top alternative use upside
Commercial (general)
$12.4M
+3.9%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$8.55M
Value range
$7.69M – $9.40M
±10% around blend
Estimated value / SF
$232 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$7.69M
blend $8.55M
$9.40M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
36,892 SF
Lot area
7.95 ac
Year built
2001
Stories
1
APN
046-620-004-000
Zoning
IP-A
Assessed value
$23,570,915
Annual tax
$298,931
3
Income approach: direct capitalization
Partial preview
Income approach indication
$6.49M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$7.03M
@ 6.5% CAP return
$6.49M
@ 7% CAP return
$6.02M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$298,931
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$9.93M
Range $1.72M – $9.93M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$8.55M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 56 sales
$324
-29%
Submarket 111 sales
$265
-13%
County 82 sales
$326
-29%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $232/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+4%
vs current-use indication
Industrial (general) · current use
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.18M
Move the market yield to see immediate price impact.
Value / SF
$113
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$263k
$5.26M
$3.76M
$2.92M
$292k
$5.85M
$4.18M
$3.25M
$322k
$6.43M
$4.59M
$3.57M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$298,931
Tax year 2024
Assessed value
$23,570,915
Assessed 2024
Previous assessed
$23,570,915
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$7,529,753
Assessed improvement
$16,041,162
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
36,892 SF
Lot
7.95 ac (346,302 SF)
Zoning code
IP-A
APN
046-620-004-000
UPID
US09-0186579
Jurisdiction
NAPA
Zoning & alternative use
IP-A · Napa, CAZoning IP-A · permitted uses
IP-A · Napa, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Cannabis manufacturers may only operate in the following zoning districts: Light Industrial (IL), Industrial Park-Area A, B and C (IP-A, IP-B and IP-C). b. No cannabis manufacturers may be located on a property that is w…
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
7.95 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
IP-A
INDUSTRIAL
Jurisdiction
Napa, CA
Recorded code
IP-A
Official district
IP-A
Official district profile
What the municipal code says about IP-A
Zoning description
Cannabis manufacturers may only operate in the following zoning districts: Light Industrial (IL), Industrial Park-Area A, B and C (IP-A, IP-B and IP-C). b. No cannabis manufacturers may be located on a property that is w…
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IP-A in Napa, CA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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